TD Cowen Cuts BellRing Brands (NYSE:BRBR) Price Target to $11.00

BellRing Brands (NYSE:BRBR) had its price objective cut by TD Cowen from $17.00 to $11.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

Other analysts also recently issued research reports about the stock. William Blair reissued an “outperform” rating on shares of BellRing Brands in a report on Tuesday, February 3rd. Mizuho decreased their price objective on shares of BellRing Brands from $40.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. BTIG Research assumed coverage on shares of BellRing Brands in a report on Monday, April 13th. They set a “neutral” rating on the stock. DA Davidson reissued a “buy” rating and set a $32.00 price objective on shares of BellRing Brands in a report on Wednesday, February 4th. Finally, Barclays decreased their price objective on shares of BellRing Brands from $22.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $23.73.

BellRing Brands Stock Down 1.1%

Shares of BellRing Brands stock opened at $10.34 on Wednesday. BellRing Brands has a 52-week low of $9.22 and a 52-week high of $67.00. The company’s 50-day simple moving average is $16.33 and its 200-day simple moving average is $23.17. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 4.76 and a beta of 0.74.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The company had revenue of $598.70 million for the quarter, compared to analysts’ expectations of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. Equities research analysts anticipate that BellRing Brands will post 1.32 EPS for the current year.

Insider Activity

In other news, Director David Isaiah Finkelstein acquired 2,000 shares of BellRing Brands stock in a transaction that occurred on Friday, February 13th. The shares were acquired at an average price of $17.75 per share, with a total value of $35,500.00. Following the completion of the purchase, the director owned 7,391 shares of the company’s stock, valued at approximately $131,190.25. This represents a 37.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Larson Financial Group LLC lifted its stake in shares of BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after buying an additional 524 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of BellRing Brands by 132.6% during the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after buying an additional 419 shares during the period. Danske Bank A S purchased a new position in shares of BellRing Brands during the third quarter valued at approximately $29,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of BellRing Brands during the third quarter valued at approximately $35,000. Finally, IFP Advisors Inc lifted its stake in shares of BellRing Brands by 124.3% during the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after buying an additional 573 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company specializing in high?protein, better?for?you nutrition products. Formed in March 2020 as a spin?off from Post Holdings, the company focuses on delivering convenient protein solutions to health?conscious consumers through a portfolio of well?known and emerging brands.

The company’s product offerings include ready?to?drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.